Nayib Bukele, El Salvador’s Bitcoin-friendly president, is set for another five-year term after his resounding victory in the last election. This result was widely anticipated, given his popularity among the people.
His legacy will endure, and history will be kind to him for making El Salvador the first country to adopt Bitcoin as a legal tender. However, this move was met with mixed reactions. It was applauded by Bitcoin enthusiasts and proponents of decentralized finance but drew criticism from international organizations like the IMF (International Monetary Fund).
At the same time, whales continue to show keen interest in Celestia (TIA), one of the top altcoins, and InQubeta (QUBE), a top ICO. These large-volume investors have been adding to their TIA and QUBE bags, making them altcoins to watch out for.
InQubeta (QUBE): A Bullish AI Altcoin
InQubeta (QUBE) is among the few new ICOs tipped to skyrocket after their launch. It is in the seventh stage of the ICO, and a whopping $8.6 million has been raised in early funding. A token is currently priced at $0.0224, and according to forecasts, it will soar by 6,500% after launch.
Its staggering upside potential isn’t the only reason why whales have shown a keen interest. More importantly, its innovative concept—a blend of AI and crypto—has captured investors’ attention. It aims to solve critical issues within the AI industry, positioning it as the best new crypto to invest in.
The key challenges it aims to address within the sector are market accessibility and fundraising. To solve fundraising issues, it will build the first crowdfunding platform for AI startups through cryptocurrency. In addition, its NFT marketplace will employ a fractional investment model and the tokenization of real-world AI investments. Through this approach, tech startups can source capital, and investors can own stakes in promising AI ventures.
Nayib Bukele Re-elected as El Salvador’s President: Speculators Bullish On Bitcoin (BTC)
Nayib Bukele has been El Salvador’s president since 2019. After his latest victory in the last election, he appears set for another five years. According to exit polls, he had an overwhelming lead after voting ended on Sunday, which came as no surprise. After all, he is popular within the nation, especially for his unorthodox approach, like making Bitcoin a legal tender.
He took to X (formerly Twitter) to share his victory. “According to our numbers, we have won the presidential election with more than 85% of the votes and a minimum of 58 of 60 deputies in the Assembly,” he said.
Following his re-election, his positive stance towards Bitcoin isn’t expected to falter. His victory has been tagged as a victory for the digital asset as well. Since he made Bitcoin the country’s legal tender, the nation has purchased millions of dollars worth of BTC and is currently in profit. He must be having a good laugh now, especially at critics who initially mocked his move. With BTC set to skyrocket this year, it is among the best cryptos to buy now.
Celestia (TIA): A New Whale Favorite
Celestia (TIA) continues to excite both retail investors and whales. As a new and promising altcoin, it has been experiencing massive interest, with investors positioning themselves to tag along its journey of price discovery.
Boasting massive upside potential, Celestia is one of the best coins to invest in. This explains why whales are doubling down, aiming to pump its price and ride its strong bullish wave. We will likely see a new ATH (all-time high) in the coming weeks.
In addition to its potential price climb, Celestia also plays a critical role within the blockchain space. Growing adoption and rising demand are expected to propel its price, especially with the rise in investor sentiment post-BTC ETF.
The crypto landscape has been a whirlwind of events since the SEC decision on Bitcoin ETFs in January. Nayib Bukele has been re-elected as El Salvador’s president—bullish for BTC. Meanwhile, whales continue to add to their Celestia and InQubeta bags. Primed for massive growth, these are the best cryptos to invest in.
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